13145 SE Division St - Apartments FOR SALE


Portland, OR 97236- Gateway
$3,750,000 USD
503-230-8600
13145 SE Division St, Portland, OR for Sale
$3,750,000 USD
Apartments - FOR SALE
1/13
null | 5.05% Cap Rate

13145 SE Division St
Portland, OR 97236
Gateway


HIGHLIGHTS

  • New Roofs 2019
  • In-Unit Laundry
  • Updated With Window Package and Newer Kitchens + Flooring

OVERVIEW

The Camelia Townhouse Apartments, built in 1972, has 29 units located in 6 buildings spread over 1.5 Acres. This fully rented complex features Townhomes that have been updated over the years with new kitchen cabinets, flooring and newer vinyl windows in most of the apartments. Each of the 6 buildings have new roofs, installed in 2019, and every apartment has its own Washer & Dryer and is on a separate electrical meter. Camelia Townhomes have 25- 2 Bedroom 1.5 Bath, 930 sq ft apartments and 4- 3 Bedroom 1.5 Bath 1148 sq ft apartments, AND every Townhome comes with a dedicated parking space with 20 overflow spaces. On a Bus Line and close to multiple Parks, local services, shopping and restaurants, this 29 unit complex is priced under $130K per door. Below market rents offer top line growth opportunity.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$88 USD /SF

# OF UNITS

29

PRICE/UNIT

$129,310

CAP RATE

5.05%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Camelia Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

49

LAND DETAILS

LAND ACRES

1.49 AC

LAND SF

65,023 SF

ZONING

R2a

APN/PARCEL ID

R144042

ASK ABOUT THIS PROPERTY

Israel HillJohn L. Scott Real EstateMore Info
503-230-8600

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Israel HillJohn L. Scott Real EstateMore Info
503-230-8600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.